Hey guys, very happy to have a coffee with anyone in Sydney (or otherwise if on the road) about the business side of your tech startup. We've got a good network of accountants, lawyers and other guns for hire who know what they are doing.
Email me; mick pollenizer com On Dec 9, 6:05 pm, Geoff McQueen <[EMAIL PROTECTED]> wrote: > I've had tips that Vanuatu isn't such a good place if you want to keep your > information secret for long... word is the country isn't going so well and > Australian Aid money could convince them to make themselves more open to ATO > investigators. I've heard BVI or the Channel Islands are much better bets. > Having said that, I've never actually done it, and honest advise about > dishonest practices would be pretty hard to find. > > In terms of why you'd go Delaware to incorporate, in my limited research, I'd > say there are two reasons: > 1. CGT is a lot less. If you're building a company of value and you're a > major stockholder, that could be a big deal. > 2. If you want to go to the Valley or other US based investment sources, a > C-Corp in Delaware is a familiar structure, provides director anonymity > (imagine to an extent only, don't know details), and its taxes are a lot less > than California. > > You could always incorporate in Au, then have your company 'acquired' by a > C-Corp you register in Delaware down the track, but my basic understanding is > that this would create a taxable event in the eyes of capital gains tax, so > again, look out. > > If your idea is solid and likely to get funded, a number of Valley based > lawyers will act for you on a credit routine and get you all set up, and you > pay them back for your time when you get funded. A $50K line of credit isn't > uncommon, and they'll cover the securities documentation for your Series A > too. They'll also want to reserve the right to buy in a very small percentage > at the Series A price and terms in case you turn into the next Google or > Facebook. Whether the drying up of capital makes this less likely, or whether > the faster drying up of their M&A work makes is more likely is something I > don't know. > > In summary, I don't know much. Just know why you're doing things before you > do them. Also, engaging with any advisor as a well researched client never > hurts - it makes things go quicker, saves you money, and means the quality of > the advice you get for the $/hour they charge you is much more valuable since > you didn't already know it. > > Good luck, > > Geoff > > -----Original Message----- > From: silicon-beach-australia@googlegroups.com [mailto:[EMAIL PROTECTED] On > Behalf Of Elias Bizannes > Sent: Tuesday, 9 December 2008 5:55 PM > To: silicon-beach-australia@googlegroups.com > Subject: [SiliconBeach] Re: Start-ups accountant and lawyer > > Hi guys > > I'm a chartered accountant, and my old man is a lawyer of the supreme > court, so between us we could field most questions. What you described > shoan has been proposed to me before, so open to discussions offline :) > > With regards to Delaware: I think it costs $80 to file there whereas > in Australia a registration with ASIC costs $400 (excluding > professional fees which push it up to a grand. As for why you would > want to incorporate in Delaware, i'm not sure if the tax benenfits are > that much greater and if that's what's motivating you, you are better > off incorporating in Vanuatu so you don't pay any taxes. > > Sent from my iPhone > > On 09/12/2008, at 5:08 PM, Shaon Diwakar <[EMAIL PROTECTED]> wrote: > > > I second that Hendro, we're basically in the same position. > > > Tech stuff is not a problem, businessy stuff: me = FAIL. > > > There could even be a start-up idea here, where a group of > > accountants/ > > keen accounting students get together to form a company that acts as > > accountants for multiple clients. Maybe working on a per hour/per day > > basis for a flat rate? Sort of like hire an accountant on a consulting > > basis? > > > Would love to hear about it if such a company already exists! > > > Cheers, > > Shaon > > > On 09/12/2008, at 4:34 PM, Hendro Wijaya wrote: > > >> Hi All, > > >> Anyone knows a really good startups accountant and lawyer in Sydney > >> that do not cost a fortune? > >> I know some people back in Sydney OpenCoffee talks about incorporate > >> in Delaware instead of Australia through [A-DATA?]. > >> So, it would be even better if the accountants and lawyer have > >> understanding about international law in this case. > > >> Basically, I just start out and would love to get some opinions on > >> these accounts and legal matters from expert. > >> I'm completely clueless. > > >> Thanks all! > > >> Cheers, > >> Hendro --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en -~----------~----~----~----~------~----~------~--~---
